Lux Investing
investment strategies for teen?
I recently started investing but so far in drips. I read some articles stating that compound investing was good, so i was wondering what types of other investments deal with high yields (7% and up) thanks!
Public Comments
- Get in touch with an investment professional to get together a portfolio.
- You are way ahead of people your age. DRIP's are fantastic investment plans. Brokers don't like to recommend them because they don't make much of a commission off of them. Brokers like to push Mutual Funds. However, DRIP Plans have been shown to return 10% and over on a long-term basis. Just stay the course and you will be very happy.
- Bonds don't yield 7% now, at least not those with moderate risk. So you'll have to trade stocks. To learn, read a bit at: www.investopedia.com
